Jabil (JBL) Stock Upgraded to Buy as UBS Eyes 50% AI Revenue Growth
TLDR
- UBS upgraded Jabil to Buy from Neutral, keeping its $430 price target, implying ~28% upside
- JBL stock rose 3.4% to $348.22 on Tuesday, putting it among the top S&P 500 performers
- UBS forecasts AI-related revenue growing 50% to $20.3 billion in fiscal 2027, up from $13.5 billion
- Amazon, Meta, and Google are the key hyperscaler customers driving growth expectations
- Amazon is singled out as Jabil’s largest AI partner, with plans to accelerate Graviton CPU and Trainium ASIC deployment
Jabil stock jumped 3.4% to $348.22 on Tuesday after UBS analyst David Vogt upgraded the stock to Buy from Neutral, keeping his price target at $430. That target implies about 28% upside from current levels.
The upgrade ended a two-day losing streak for JBL and placed it among the best performers in the S&P 500, which itself slipped 0.1% on the day.
Vogt cited a “multi-year growth cycle fueled by AI investment from Amazon, Meta, and Google” as the core reason for the upgrade.
UBS raised its fiscal 2027 EPS estimate to $16.78 from $15.89, and its fiscal 2028 estimate to $20.24 from $18.34. Revenue estimates for both years were lifted by roughly 6%.
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